Flushing Apartment Building For Sale

13301 Booth Memorial Ave, Flushing, NY 11355

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For Sale

$4,300,000

36-unit apartment building in prime Flushing location near transportation.

Property size:

13,468 SF

Price / SF:

$319/SF

HighLights

Prime location in Flushing, Queens, near highways, public transportation, airports, shopping, and dining.
36 spacious units: 24 studios and 12 one‑bedroom apartments.
Consistent rental income potential.
On‑site amenities: laundry facility.
Parking lot for residents with 10 parking spaces.
Modern unit design with ample natural light.

We can help!

Listing Contact

Christos Tsouratakis

For Sale

$4,300,000

36-unit apartment building in prime Flushing location near transportation.

Property size:

13,468 SF

Price / SF:

$319/SF

Added:: Jan 2, 2025
Days on Market:: 535
Last Refresh:: May 13 at 8:12 pm

Property Features for 13301 Booth Memorial Ave

General Information

Standard status: Active
Size: 13,468 SF
Property subtype: Other

Building Details

Year Built: 1957

We can help!

Listing Contact

Christos Tsouratakis

Listing agent Christos Tsouratakis

Listing office LAFFEY REAL ESTATE

Listing date Jan 2, 2025

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of LAFFEY REAL ESTATE

HighLights

Prime location in Flushing, Queens, near highways, public transportation, airports, shopping, and dining.
36 spacious units: 24 studios and 12 one‑bedroom apartments.
Consistent rental income potential.
On‑site amenities: laundry facility.
Parking lot for residents with 10 parking spaces.
Modern unit design with ample natural light.

Overview

This apartment building is located in Flushing, Queens, near major highways, public transportation, airports, shopping, and dining. The property contains 36 units: 24 studio apartments and 12 one-bedroom apartments. Units are designed for modern living with natural light and comfortable spaces. On-site amenities include a laundry facility and a parking lot for residents. The property size is 13468 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$622.2k	$46.20
− Vacancy	−$23.6k	−$1.76
EGI	$598.6k	$44.44
− OpEx	−$269.4k	−$20.00
NOI	$329.2k	$24.44

13,468 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$4.70M

$4.12M – $5.49M (±1% cap)

NOI $329,217 @ 7.0% cap · market cap 7.66%

Second Best

—

no second resolved use

Theoretical Best

Office A

$9.93M

$8.69M – $11.58M (±1% cap)

NOI $695,013 @ 7.0% cap · market cap 16.16%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Flushing
County: Queens
State: New York
Longitude: -73.831002
Latitude: 40.748386

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For sale
Apartment buildings
NY
Flushing
11355
13301 Booth Memorial Ave

What type of property is this?

Apartment building - 36-unit apartment building in prime Flushing location near transportation.

Where is this apartment building located?

The property is located at 13301 Booth Memorial Ave Flushing, NY.

What is the asking price?

The asking price for this property is $4,300,000.

What are key features of this property?

This property features: Prime location in Flushing, Queens, near highways, public transportation, airports, shopping, and dining.; 36 spacious units: **24 studios and 12 one‑bedroom apartments**.; Consistent rental income potential.